Moreno Evelyn V decreased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 84.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 10,790 shares of the credit services provider’s stock after selling 60,240 shares during the period. Moreno Evelyn V’s holdings in PayPal Holdings were worth $579,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of PayPal Holdings by 2,792.8% in the first quarter. BlackRock Inc. now owns 60,103,922 shares of the credit services provider’s stock valued at $2,585,670,000 after buying an additional 58,026,239 shares during the period. FMR LLC raised its position in shares of PayPal Holdings by 28.2% in the first quarter. FMR LLC now owns 60,453,931 shares of the credit services provider’s stock valued at $2,600,728,000 after buying an additional 13,296,056 shares during the period. Epoch Investment Partners Inc. acquired a new position in shares of PayPal Holdings during the first quarter valued at about $116,856,000. Vanguard Group Inc. raised its position in shares of PayPal Holdings by 3.5% in the first quarter. Vanguard Group Inc. now owns 75,643,714 shares of the credit services provider’s stock valued at $3,254,192,000 after buying an additional 2,549,683 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of PayPal Holdings by 117.7% in the first quarter. Alliancebernstein L.P. now owns 4,169,635 shares of the credit services provider’s stock valued at $179,378,000 after buying an additional 2,254,074 shares during the period. 81.31% of the stock is currently owned by institutional investors.

Shares of PayPal Holdings, Inc. (NASDAQ PYPL) traded up 0.76% on Monday, reaching $59.31. 2,099,464 shares of the company were exchanged. The company has a market capitalization of $71.31 billion, a P/E ratio of 47.83 and a beta of 0.99. PayPal Holdings, Inc. has a 52-week low of $36.28 and a 52-week high of $61.30. The stock has a 50 day moving average of $55.57 and a 200-day moving average of $47.60.

PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the business posted $0.36 earnings per share. The business’s revenue was up 18.3% compared to the same quarter last year. On average, analysts predict that PayPal Holdings, Inc. will post $1.84 EPS for the current fiscal year.

PayPal Holdings announced that its board has approved a share repurchase program on Wednesday, April 26th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to reacquire up to 9.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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Several research analysts have issued reports on the company. Zacks Investment Research lowered PayPal Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Cantor Fitzgerald restated an “overweight” rating and set a $70.00 target price on shares of PayPal Holdings in a research report on Friday, July 28th. Piper Jaffray Companies restated a “hold” rating and set a $57.00 target price on shares of PayPal Holdings in a research report on Friday, July 28th. Loop Capital restated a “hold” rating and set a $51.00 target price (up previously from $49.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Finally, Stifel Nicolaus restated a “hold” rating and set a $61.00 target price (up previously from $51.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company’s stock. PayPal Holdings currently has a consensus rating of “Buy” and a consensus price target of $59.49.

In related news, EVP Gary J. Marino sold 1,350 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $52.48, for a total transaction of $70,848.00. Following the sale, the executive vice president now owns 37,491 shares of the company’s stock, valued at $1,967,527.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO William J. Ready sold 90,000 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the sale, the chief operating officer now directly owns 29,252 shares in the company, valued at approximately $1,733,181. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,852 shares of company stock worth $5,653,198. Company insiders own 6.00% of the company’s stock.

About PayPal Holdings

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

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Institutional Ownership by Quarter for PayPal Holdings (NASDAQ:PYPL)

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